Payments News

Factors in the Long Wait for EMV and Contactless in the U.S

Sep 06, 2017

The emergence of contactless payments was always meant to be the second phase of theongoing migration to EMV-chip cards in the U.S. Much of the rest of the developed world has long-since bought into EMV-chip cards and has already made a big down payment on contactless payments—but progression in this country has been much slower.

The problem is that, in addition to challenges for financial institutions, merchants face challenges as the contactless payment world approaches. Meanwhile, one of the prevailing negative perceptions with EMV is that transactions take much longer to complete.